Acala Token

Acala Token (ACA)

Full information about Acala Token (ACA). Current Acala Token price in AMD, ACA open/close rates, Acala Token history charts, Acala Token market capitalization and volume.

1 ACA = 25.90 AMD Armenian Dram (AMD)
0.0664097 AMD

Last updated: 2024-10-01 01:40:00 UTC - about 7 months ago 1 USD = 389.939923 AMD

General information
Global rank:463
Name: Acala Token Acala Token
Symbol:ACA
Current coin price (AMD):25.90 AMD
Last hour:arrow_upward0.870 %
Last 24 hours:arrow_downward-4.16 %
Last 7 days:-3.11 %trending_down
Capitalisation (AMD):27 967 439 221.51 AMD
Volume 24h (AMD):2 090 055 760.70 AMD
Available supply:1 079 999 995.00 ACA
Total coin supply:1 000 000 000.00 ACA
Start date:2021-12-18
Last updated: 2024-10-01 01:40:00 UTC - about 7 months ago
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Candle
OHLC
USDEURCADGBPCHFJPYZAR
JavaScript chart by amCharts 3.20.16Value$0.0335
JavaScript chart by amCharts 3.20.16AprApr 03Apr 05Apr 07Apr 09Apr 11Apr 13Apr 15Apr 17Apr 19Apr 21Apr 23Apr 25Apr 27Apr 290.0260.0280.0300.0320.0340.0360.038
JavaScript chart by amCharts 3.20.16Volume$32,595.54
JavaScript chart by amCharts 3.20.16AprApr 03Apr 05Apr 07Apr 09Apr 11Apr 13Apr 15Apr 17Apr 19Apr 21Apr 23Apr 25Apr 27Apr 29020,000
JavaScript chart by amCharts 3.20.16AprApr 03Apr 05Apr 07Apr 09Apr 11Apr 13Apr 15Apr 17Apr 19Apr 21Apr 23Apr 25Apr 27Apr 29

Acala Token/Armenian Dram (ACA/AMD) price chart

Acala Token/Armenian Dram (ACA/AMD) capitalisation and volume charts

What is it?

Token: Acala (ACA)Acala (ACA) is the native utility token of the Acala Network, functioning as its primary means of governance, staking, and utility within the ecosystem. As a fungible ERC-20 compliant token, ACA is often used for paying network fees, participating in governance decisions, and staking to secure the network's operations.

Platform: Acala NetworkThe Acala Network is a decentralized finance (DeFi) hub and stablecoin platform built on the Polkadot ecosystem. Its aim is to facilitate cross-chain liquidity and offer a suite of financial applications, including a multi-collateralized stablecoin (aUSD), a decentralized exchange (DEX), and staking derivatives. Given Polkadot's interoperability features, Acala Network is poised to connect various blockchains, thereby increasing liquidity and utility in the decentralized finance sector.

What is it used for?

Acala (ACA) is multifaceted in its use-cases within the Acala Network:

  • Governance: ACA holders can participate in the network's governance by voting on proposals, updates, or changes to the network's parameters.
  • Staking: Users can stake ACA to contribute to the network's security and in return, earn rewards.
  • Network Fees: ACA is used to pay for transaction and smart contract execution fees within the Acala Network.
  • Collateral: It serves as one of the collateral options for minting the platform's stablecoin, aUSD.

Who created it?

Acala was founded by Ruitao Su and Bette Chen, who brought together their collective expertise in blockchain, finance, and engineering to develop a DeFi-centric platform in the Polkadot ecosystem.